Stamford, CT, based Investment company ARGA Investment Management, LP (Current Portfolio) buys Petroleo Brasileiro SA Petrobras, Trip.com Group, Alibaba Group Holding, II-VI Inc, RenaissanceRe Holdings, sells Canadian Natural Resources, AerCap Holdings NV, Nutrien, Weibo Corp, 3M Co during the 3-months ended 2021Q4, according to the most recent filings of the investment company, ARGA Investment Management, LP. As of 2021Q4, ARGA Investment Management, LP owns 70 stocks with a total value of $1.6 billion. These are the details of the buys and sells.
-
New Purchases: TCOM, CASY, NCR, BIIB, ATVI,
-
Added Positions: PBR, BABA, IIVI, RNR, AVT, GILD, LVS, MU, CI, CPRI, BIDU, HP, GE, LEA, MLCO, MOMO, CC, WFC, CVS, NOV, BK, SABR, FTI, MAN, NEM, COP, ALL,
-
Reduced Positions: AER, NTR, WB, DLTR, INTC, PFE, RTX, ABT, PKX, SKM,
-
Sold Out: CNQ, MMM, EEM, CCL, TAP, RDY,
For the details of ARGA Investment Management, LP's stock buys and sells,
go to https://www.gurufocus.com/guru/arga+investment+management%2C+lp/current-portfolio/portfolio
These are the top 5 holdings of ARGA Investment Management, LP
-
Baidu Inc (BIDU) - 1,685,577 shares, 16.00% of the total portfolio. Shares added by 4.87%
-
Petroleo Brasileiro SA Petrobras (PBR) - 17,840,564 shares, 12.50% of the total portfolio. Shares added by 48.42%
-
Melco Resorts and Entertainment Ltd (MLCO) - 17,240,002 shares, 11.20% of the total portfolio. Shares added by 2.22%
-
UBS Group AG (UBS) - 5,986,054 shares, 6.87% of the total portfolio. Shares reduced by 0.05%
-
Capri Holdings Ltd (CPRI) - 1,584,757 shares, 6.56% of the total portfolio. Shares added by 18.47%
New Purchase: Trip.com Group Ltd (TCOM)
ARGA Investment Management, LP initiated holding in Trip.com Group Ltd. The purchase prices were between $21.74 and $32.72, with an estimated average price of $28.22. The stock is now traded at around $25.330000. The impact to a portfolio due to this purchase was 3.47%. The holding were 2,206,632 shares as of 2021-12-31.
New Purchase: Casey's General Stores Inc (CASY)
ARGA Investment Management, LP initiated holding in Casey's General Stores Inc. The purchase prices were between $181.89 and $201.93, with an estimated average price of $193.48. The stock is now traded at around $187.380000. The impact to a portfolio due to this purchase was 0.08%. The holding were 5,982 shares as of 2021-12-31.
New Purchase: NCR Corp (NCR)
ARGA Investment Management, LP initiated holding in NCR Corp. The purchase prices were between $37.35 and $44.19, with an estimated average price of $41.36. The stock is now traded at around $37.160000. The impact to a portfolio due to this purchase was 0.05%. The holding were 17,668 shares as of 2021-12-31.
New Purchase: Biogen Inc (BIIB)
ARGA Investment Management, LP initiated holding in Biogen Inc. The purchase prices were between $223.92 and $287.77, with an estimated average price of $256.27. The stock is now traded at around $225.210000. The impact to a portfolio due to this purchase was 0.03%. The holding were 2,126 shares as of 2021-12-31.
New Purchase: Activision Blizzard Inc (ATVI)
ARGA Investment Management, LP initiated holding in Activision Blizzard Inc. The purchase prices were between $57.28 and $81.19, with an estimated average price of $68.02. The stock is now traded at around $79.140000. The impact to a portfolio due to this purchase was 0.02%. The holding were 5,731 shares as of 2021-12-31.
Added: Petroleo Brasileiro SA Petrobras (PBR)
ARGA Investment Management, LP added to a holding in Petroleo Brasileiro SA Petrobras by 48.42%. The purchase prices were between $9.53 and $11.31, with an estimated average price of $10.56. The stock is now traded at around $13.380000. The impact to a portfolio due to this purchase was 4.08%. The holding were 17,840,564 shares as of 2021-12-31.
Added: Alibaba Group Holding Ltd (BABA)
ARGA Investment Management, LP added to a holding in Alibaba Group Holding Ltd by 3701.94%. The purchase prices were between $111.96 and $177.7, with an estimated average price of $145.1. The stock is now traded at around $115.230000. The impact to a portfolio due to this purchase was 2.41%. The holding were 327,195 shares as of 2021-12-31.
Added: II-VI Inc (IIVI)
ARGA Investment Management, LP added to a holding in II-VI Inc by 458.26%. The purchase prices were between $54.61 and $70.5, with an estimated average price of $63.04. The stock is now traded at around $60.050000. The impact to a portfolio due to this purchase was 1.65%. The holding were 460,898 shares as of 2021-12-31.
Added: RenaissanceRe Holdings Ltd (RNR)
ARGA Investment Management, LP added to a holding in RenaissanceRe Holdings Ltd by 50.64%. The purchase prices were between $139.15 and $172.82, with an estimated average price of $157.18. The stock is now traded at around $155.990000. The impact to a portfolio due to this purchase was 1.59%. The holding were 437,060 shares as of 2021-12-31.
Added: Avnet Inc (AVT)
ARGA Investment Management, LP added to a holding in Avnet Inc by 5575.49%. The purchase prices were between $36.11 and $41.79, with an estimated average price of $38.64. The stock is now traded at around $39.450000. The impact to a portfolio due to this purchase was 1.58%. The holding were 611,591 shares as of 2021-12-31.
Added: Gilead Sciences Inc (GILD)
ARGA Investment Management, LP added to a holding in Gilead Sciences Inc by 276.10%. The purchase prices were between $64.88 and $73.64, with an estimated average price of $68.95. The stock is now traded at around $68.860000. The impact to a portfolio due to this purchase was 1.36%. The holding were 399,808 shares as of 2021-12-31.
Sold Out: Canadian Natural Resources Ltd (CNQ)
ARGA Investment Management, LP sold out a holding in Canadian Natural Resources Ltd. The sale prices were between $38.12 and $43.59, with an estimated average price of $41.41.
Sold Out: 3M Co (MMM)
ARGA Investment Management, LP sold out a holding in 3M Co. The sale prices were between $170.04 and $183.66, with an estimated average price of $178.14.
Sold Out: iShares MSCI Emerging Markets ETF (EEM)
ARGA Investment Management, LP sold out a holding in iShares MSCI Emerging Markets ETF. The sale prices were between $47.41 and $51.73, with an estimated average price of $49.73.
Sold Out: Carnival Corp (CCL)
ARGA Investment Management, LP sold out a holding in Carnival Corp. The sale prices were between $16.38 and $25.42, with an estimated average price of $21.3.
Sold Out: Molson Coors Beverage Co (TAP)
ARGA Investment Management, LP sold out a holding in Molson Coors Beverage Co. The sale prices were between $43.38 and $49.21, with an estimated average price of $45.88.
Sold Out: Dr Reddy's Laboratories Ltd (RDY)
ARGA Investment Management, LP sold out a holding in Dr Reddy's Laboratories Ltd. The sale prices were between $59.5 and $67.25, with an estimated average price of $62.94.
Here is the complete portfolio of ARGA Investment Management, LP. Also check out:
1. ARGA Investment Management, LP's Undervalued Stocks
2. ARGA Investment Management, LP's Top Growth Companies, and
3. ARGA Investment Management, LP's High Yield stocks
4. Stocks that ARGA Investment Management, LP keeps buyingThis article first appeared on GuruFocus.